Finance
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Regulators shut banks in NC, SC, Ga, ColoJan 20, 2011 10:00 pm - WASHINGTON — Regulators on Friday closed banks in North Carolina, South Carolina, Georgia and Colorado, bringing to seven the number of closures in 2011 following last y...
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Lending pushes GE income up 52%Jan 20, 2011 10:00 pm - NEW YORK — General Electric Co. said Friday that fourth-quarter net income increased 52 percent as the company made more money in both its lending and industrial busine...
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Rate on 30-year fixed mortgage rises to 4.74 pct.Jan 19, 2011 10:00 pm - NEW YORK — The average rate on a 30-year fixed mortgage rose slightly this week, following increases in Treasury yields. The average rate rose to 4.74 percent this week...
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Fifth Third posts 4Q profit; plans to repay TARPJan 18, 2011 10:00 pm - CINCINNATI — Fifth Third Bancorp on Wednesday posted a fourth-quarter profit, reversing a year-ago loss, as revenue rose and delinquent and defaulted loans fell. The ban...
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Citigroup posts 4Q profit on fewer loan lossesJan 17, 2011 10:00 pm - NEW YORK — Citigroup has reported fourth-quarter earnings of $1.31 billion, or 4 cents a share, after losses from its loans declined and the bank was able to dip into th...
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Investors to take hit when gov't dismantles banksJan 17, 2011 10:00 pm - WASHINGTON — Creditors and shareholders will now have to absorb some of the losses when the federal government steps in to dismantle large failing financial firms. The F...
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Ameritrade 1Q net income grows 6 percentJan 17, 2011 10:00 pm - OMAHA, Neb. — Online brokerage TD Ameritrade posted a 6 percent increase in its first-quarter profit because increased revenue from the asset-based fees it charges offse...
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What goes up, won't go down this yearJan 14, 2011 10:00 pm - Just keep that wallet handy. Whipsawed consumers — facing a 66 percent Illinois income tax increase just as the nation climbs out of recession — now need to brace for pr...
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Mortgage applications rose last weekJan 11, 2011 10:00 pm - NEW YORK — The number of people applying for a mortgage rose last week as lower rates lured more borrowers to refinance. The Mortgage Bankers Association says its overa...
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Area hotels to remain open while in bankruptcyDec 28, 2010 10:00 pm - A group of 22 budget hotels — including ones in Elk Grove Village, Naperville and Prospect Heights — will remain open while lawyers fight behind the scenes to allow them...